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Nutanix, Inc.
Russell 1000 Component
ISINUS67059N1081 Edit this on Wikidata
IndustryDistributed Computing and Storage virtualization
FounderDheeraj Pandey
Mohit Aron
Ajeet Singh
United States
Key people
Dheeraj Pandey (Co-founder, CEO)
Duston Williams (CFO)
David Sangster (COO)
Ben Gibson (CMO)
Wendy Pfeiffer (CIO)
Tarkan Maner (CCO)
Rajiv Mirani (CTO)
ProductsEnterprise Cloud Platform
Business Software
RevenueIncrease US$1.236 billion (2019)[1]
Increase US$-598 million (2019)[1]
Decrease US$-621 million (2019)[1]
Total assetsIncrease US$1.786 billion (2019)[1]
Total equityDecrease US$186 million (2019)[1]
Number of employees
6,100 (May 2020)[2]

Nutanix, Inc. is a cloud computing company that sells hyper-converged infrastructure (HCI) software,[3] cloud services (such as Desktops as a service, Disaster Recovery as a service, and cloud monitoring), and software-defined storage.[4]


Nutanix was founded on September 23, 2009 by Dheeraj Pandey, Mohit Aron and Ajeet Singh. In early 2013 Aron left Nutanix to start Cohesity, a privately held enterprise storage company.[5]

Venture capital firms invested $312.2 million over five rounds of funding in Nutanix. The company reached a $1 billion valuation by 2013, which made it known as a "unicorn startup".[6] It raised $140 million in a Series E round of financing in 2014, valuing the company at approximately $2 billion.[7]

Nutanix filed for an initial public offering (IPO) in December 2015, reporting a net loss in its fiscal year ending July 2015 of $126 million.[8] It reported about 5340 employees as of Jul 2019. Updated registration statements were published several more times, including one on August 16, 2016, showing growing losses as well as revenue, along with positive cash flow from operations.[9] Later in August 2016, Nutanix announced it had acquired PernixData.[10]

The IPO on September 30, 2016, raised about $230 million after selling 14,87 million shares at a price of $16.[11][12] This was the biggest IPO of 2016.[13] Analysts expected Nutanix's public offering would be delayed.[14]

In May 2017, Nutanix partnered with IBM to create a series of data center hardware using IBM Power Systems for business apps.[15]

In March 2018, Nutanix announced the acquisition of Minjar, based in Bangalore.[16]

On June 1, 2019, Nutanix appointed Brian Stevens to its board of directors.[17] In March 2020, Sohaib Abbasi joined the company's board of directors.[18]

Due to the COVID-19 pandemic, Nutanix announced a furlough impacting about 1,500 employees in April 2020.[19]


Nutanix provides an enterprise cloud platform which combines storage, computing, and virtualization for clients. The company's software product families include Acropolis and Prism.[20] In 2015, Nutanix was reported to have built a hypervisor in order to make managing computer infrastructure easier.[21]

Nutanix is considered a leader in hyper-converged infrastructure.[22] Nutanix's backers include Lightspeed Venture Partners, Khosla Ventures, and Blumberg Capital.[23]

As of 2020, the company is working to shift to a subscription-based model for billings.[24]


Date Company Description References
August 2016 PernixData Software for virtualizing server-side flash memory and random-access memory. [25]
August 2016 DevOps automation platform. [26]
March 2018 Netsil Cloud app monitoring startup. [27]
March 2018 Minjar The maker of Botmetric, a service that makes the usage of public clouds more efficient and cost effective. [28]
August 2018 MainFrame2 Inc. Cloud-based Windows desktop and application delivery. [29]


  1. ^ a b c d e "Nutanix, Inc. 2019 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 2019.
  2. ^ "Nutanix, Inc. (NTNX)". Yahoo Finance.
  3. ^ "What We Do". Nutanix.
  4. ^ "Nutanix Patent Aims To Simplify Software Defined Storage". Tom's IT Pro. Retrieved 29 March 2017.
  5. ^ Bob Brown (June 17, 2015). "Google-infused storage startup Cohesity reveals itself". Retrieved September 6, 2016.
  6. ^ Gage, Deborah (January 14, 2014). "The Wall Street Journal". Nutanix Joins the $1 Billion Valuation Club as It Takes On Tech Giants. Retrieved September 10, 2016 – via The Wall Street Journal.
  7. ^ Miller, Ron (27 August 2014). "Nutanix Lands $140M On $2B+ Valuation, IPO Could Be Next". Tech Crunch. Retrieved 1 September 2014.
  8. ^ "Form S-1 Registration Statement". US Securities and Exchange Commission. December 22, 2015. Retrieved August 29, 2016.
  9. ^ "Amendment No. 3 to Form S-1". US Securities and Exchange Commission. August 16, 2016. Retrieved August 29, 2016.
  10. ^ Cromwell Shubarth (August 28, 2016). "Nutanix scoops up pair of companies". Silicon Valley Business Journal. Retrieved August 29, 2016.
  11. ^ "Nutanix IPO shows risks of 'unicorn' valuations". Reuters. Retrieved May 14, 2020.
  12. ^ Ari Levy (September 30, 2016). "Nutanix aims to crack open the tech IPO window". CNBC. Retrieved September 30, 2016.
  13. ^ "The man behind 2016's biggest U.S. tech IPO shares how the deal went down". Mercury News. Retrieved May 14, 2020.
  14. ^ Bruno, Giovanni (August 30, 2016). "The Street". CNBC's Pisani Forecasts Possible Fall IPOs. Retrieved September 10, 2016 – via The Street.
  15. ^ "Nutanix partners with IBM on data centre product". The Stack. 2017-05-16. Archived from the original on 2017-11-17. Retrieved 2017-11-17.
  16. ^ "Nutanix buys Bengaluru-based Minjar". The Times of India. March 3, 2018. Retrieved 17 March 2018.
  17. ^ "Nutanix Appoints Brian Stevens to Board of Directors". Nutanix. 1 June 2019. Archived from the original on 25 July 2019. Retrieved 25 July 2019.
  18. ^ "Sohaib Abbasi joins Nutanix board of directors". Help Net Security. Retrieved May 14, 2020.
  19. ^ Haranas, Mark (May 4, 2020). "Nutanix Confirms Furloughs Of Nearly 1,500 Employees". CRN.
  20. ^ "Nutanix IncNTNX.OQ". Reuters. Retrieved May 14, 2020.
  21. ^ "Nutanix did build 'Acropolis' hypervisor, wants you to bury it". The Register. Retrieved May 14, 2020.
  22. ^ "Google Could Acquire Nutanix For $9 Billion To Further Its Cloud Ambitions". Forbes. Retrieved May 14, 2020.
  23. ^ "Data storage provider Nutanix soars in market debut". Reuters. Retrieved May 14, 2020.
  24. ^ "Nutanix Stumbles on Sales Execution and Subscription Model Growing Pains". The Motley Fool. Retrieved May 15, 2020.
  25. ^ Somerville, Heather. "Nutanix acquires two startups amid IPO delay". Yahoo! Finance.
  26. ^ Schubarth, Cromwell (August 28, 2016). "Nutanix scoops up pair of companies". Silicon Valley Business Journal.
  27. ^ Hardcastle, Jessica (March 12, 2018). "Nutanix's Second Acquisition This Month Is Cloud App Monitoring Startup Netsil". SDxCentral.
  28. ^ "Nutanix buys Bengaluru-based Minjar". The Times of India. March 3, 2018.
  29. ^ Hardcastle, Jessica (August 3, 2018). "Nutanix Boosts Its Cloud Stack With $165M Frame Acquisition". SDxCentral.